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fogood o ill and embodied what was important about the year. the magazine's list included mohamed morsi, tim cook and malala yousafzai, the pakistani teach ager shot for advocating girl's education. rick stengel joins me now. he's the managing editor of time. how do you go about selecting the person of the year. and in the end you decide. >> and in the end i decide. >> rose: don't you love privilege? >> (laughs) it weighs on your shoulders alwa time, as you know. probably beginning in the middle of the year we start thinking about it, a month or so later i start asking people like you, members of the "time" 100, our correspondents, editors, writers start sending in suggestions and have meetings and then we start talking about ideas, tloung out names, sometimes it's not a person but a group of people, like last year, the protest. the end we whittle it down to a short list and then we choose. >> what is it you that you measure them by? >> it's a historical thing, charlie. you measure them in part by past person of the year winners. i always like to feel the person who wins person of the y
of the approximated, mohammed morsi continued. overnight, he increased tough economic reforms as part of a proposed $4.8 billion imf loan agreement. eyeman is in eye row with the latest. >> reporter: good morning to you. it has added more to the political turmoil here today. today there are several messages being sent to morsi. the referendum is scheduled for saturday. it's a controversial constitution that secular liberal forces here have announced it doesn't protect human rights or the rights of minorities and women. there are supporters of the president and they are, too, organizing their rallies for today and friday. and against all of this, the president has given the egyptian military law enforcement powers. that means they are essentially now allowed to act as the country's police force in the run up to the referendum. they're allowed to arrest civilians and that has caused a great deal of alarm for human rights advocates and organization ones. so it's a great time of uncertainty here in egypt. right now, the opposition is calling for roadway injection of the referendum. they're not calling for
mohamed morsi put in place his new voting rules as the protests turn violent ahead of the saturday's vote on the controversial constitutional referendum. the new rules restrict voters from casting their ballots outside their electoral districts which had been allowed in the past. this announcement comes just hours after masked gunmen attacked these opposition protesters, happening overnight in cairo's tahrir square. nine protesters were injured, four of them critically. their attackers fired bird shot pellets, threw molotov cocktails. what will the new voter rules mean for this week's referendum? >> reporter: i don't know if you hear me. i'm having trouble hearing you. but about an hour ago -- >> we're having a tough time hearing reza. we're going to work on that connection and bring him back up. because it is important to talk about what is happening now in anticipation of the weekend. let me get you caught up, though, on our lead story out of michigan. take a look. >> vo >> veto! >> the republican-led legislature passed two right to work bills just within this past hour. one is for publ
of cairo and dueling protesters for and against the president there, mohammed morsi. they're facing off yet again this hour. these are the scenes they're sealing on a daily basis now. the issue is a referendum on a draft constitution that has been ordered by president morsi and scheduled for saturday. this coming saturday. morsi has deployed the army to maintain order and has given them sweeping powers to arrest civilians in the streets. reza sayah is in cairo outside of the presidential palace. give me an update on how things are today and if anything is changing or if it's getting any worse. >> reporter: well, for now, ashleigh, we're happy to report that things are peaceful and calm, but we're going to keep a close eye on the comes hours, because there's certainly there's the possibility of things getting ugly and more violence. that's because both sides in this conflict have once again called for mass demonstrations. the opposition factions, the critics to the president, have called for marches that have started and they're going to culminate and end up where we are at the presidential
offered nothing concrete to diffuse the worst political crisis in nearly two years. >> mohamed morsi addressed the nation, trying to soften his position that has angered protesters over the last several days. in fact one of the sticking points that has been fueling these proce protests has been a decision that was issued by morsi. today he tried soften his position by saying that his decisions were in fact subject to judicial review, but he also wanted to try to solve then other positions that have been fueling some of the protests. he said the constitutional referendum scheduled for december 15th would go ahead as planned, but if it fails, there would be a new assembly. more importantly, he's now reaching across the political divide to meet with some of the country's political opposition figures. they say they will not necessarily meat with the president until that decision, at least that decree, is rescinded. they're still going ahead with calls for friday's million man march and outside the presidential palace, hundreds of protesters gathered for a third straight day following two
, almost looking at quarters. mohamed el-erian from pimco said he was worried about the third quarter reporting season because there was a finite about about what companies could do from the top and they had to focus on the top line. so in october, however, we saw a bit of a recovery from q3. and our flash figures were 2%, 2.5% in october. we have not told the market what we did in november, but it was better than october. and so we've ended up, you know, towards the end of november, after november, up by 3%, a little bit more than 3%, actually. >> yeah. >> and december, we have to wait and see. because we get another attack he of quarter-itis, so you have to be very careful. >> any lessons to be learned at all? is anything to go going to be next year than what it was? >> caution prevails. we have these gray swans, the unknown unknowns. we don't know what's going to happen. but the known unknowns are clearly the eurozone we're talking about, which will muddle through. china ma had soft landing. brics had a soft landing. the third area is in the middle east which you know a lot about,
instead of looking at calendar years almost seemed to be looking at quarters. mohamed el-erian said he was worried about the reporting season because there was a finite number of what companies could do in terms of cost. a number of companies missed the top line forecast, not so many the bottom line as the top line. so in october, however, we saw a little bit of a recovery from q3. and our flash figures were 2% and we did 2.5% in october. we have not told the market what we did in november, but it was better than october. and so we've ended up, you know, towards the end of november up by 3%, a little bit more than 3%, actually. and december, we have to wait and see. >> i've seen that you're continuing the plans in china and in particular from what i can tell. >> absolutely. >> are you going to try and diversify them further? >> well, if i do have any regrets -- and i've had a few over the years that i'm willing to admit publicly -- it would be that we didn't have enough of our operations in britain and that we didn't have enough in asia and latin america, africa and the middle east and
. >> as mohamed el-erian said, it's the new normal. nothing is going to happen next year in all probability. there will be the italian electrics. if berlusconi starts to poll better in a run up to the italian elections, which i think will happen, then you're likely to see bonds markets reacting a little bit to that. that could cause problems in the spanish and italian yield curve. so maybe that would that will trigger mariano rajoy asking for a bailout. anything which happens on the policy front, anything which happens in the next few months is going to be weighed for its impact on the election prospects come next september. >> you're lucky because we have a whole lot more europe after the break. we can continue to talk about all things european. but of all of this talk about the cliff, if it hasn't sent you over the edge yet, head on to our website and take the cliff quiz. see if you can match the right quiz with a number of things in. >> you can also take a look at what's on the agenda today in the u.s. a couple of economic reports wrap up the week. both due out at 10:00 a.m. eastern. the
president mohamed morsi's power grab. we've seen what he's done over the last couple of weeks. these protests are in response to several decrees issued by morsi that gives him near absolute power. last night an estimated 10,000 people crowded in the center of alexandria. tens of thousands rallied in tahrir square. and 100,000 demonstrated in front of the presidential palace. >>> and back here in tus, a busy economic calendar. we get the adp employment report, which is -- i don't know whether it's better or worse now. we'll see. >> they're looking at -- oh, private payrolls. >> coming in at 125 in private jobs. >> 79,000 or 80,000, which was closer to the total number. >> we must still be losing government jobs. 8:30 eastern, a revision to third quarter productivity and costs. and then later this morning, a november ism number, but it's nonmanufacturing. here's a few early stocks to watch. facebook is going to join the fa face the nasdaq indix. pandora media is lowing its fourth quarter guides. they are worried about the fiscal cliff. shares dropped after hours. that's not wher
Search Results 0 to 8 of about 9